Shares of Avery Dennison (NYSE:AVY) Struck With Downgrade From JP Morgan. Should Investors be Concerned?

Avery Dennison Corporation (NYSE:AVY) Logo

Investors sentiment decreased to 0.71 in 2018 Q4. Its down 0.48, from 1.19 in 2018Q3. It fall, as 53 investors sold Avery Dennison Corporation shares while 180 reduced holdings. 53 funds opened positions while 112 raised stakes. 69.78 million shares or 3.10% more from 67.69 million shares in 2018Q3 were reported.

Hsbc Hldgs Plc reported 47,021 shares or 0.01% of all its holdings. Metropolitan Life Insur Co New York holds 17,007 shares. Synovus Corporation has 707 shares. Bankshares Of Montreal Can reported 0.01% of its portfolio in Avery Dennison Corporation (NYSE:AVY). 6,750 were reported by Howland Cap Mgmt Ltd Llc. Parkside Financial Bank Tru reported 0% of its portfolio in Avery Dennison Corporation (NYSE:AVY). Commonwealth Of Pennsylvania Public School Empls Retrmt Sys has 4,730 shares. Alpine Woods Limited Liability Company holds 23,400 shares or 0.5% of its portfolio. Psagot House Ltd reported 25,650 shares. Boston Prtn has 1.30 million shares for 0.17% of their portfolio. Robeco Institutional Asset Bv accumulated 57,756 shares. 3,970 were accumulated by Azimuth Ltd Llc. Gulf Bankshares (Uk) holds 0.04% or 21,276 shares. California Employees Retirement Systems stated it has 535,784 shares or 0.07% of all its holdings. Agf Invs has 0% invested in Avery Dennison Corporation (NYSE:AVY) for 2,313 shares.

Since November 27, 2018, it had 0 insider buys, and 3 insider sales for $918,783 activity. The insider PYOTT DAVID E I sold $186,000. 2,000 shares were sold by BARKER PETER K, worth $209,020.

Avery Dennison (NYSE:AVY) Receives a Downgrade

Avery Dennison (NYSE:AVY) was just cut by JP Morgan from the old Overweight rating to a Neutral in an analyst note released on Friday morning. JP Morgan now has a $105 target price per share on the shares. JP Morgan’s target price per share indicates a potential downside of -4.73 % from the stock’s current stock price.

Avery Dennison Corporation (NYSE:AVY) Ratings Coverage

Among 5 analysts covering Avery Dennison (NYSE:AVY), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Avery Dennison has $130 highest and $98 lowest target. $110.60’s average target is 0.35% above currents $110.21 stock price. Avery Dennison had 7 analyst reports since October 11, 2018 according to SRatingsIntel. The firm has “Overweight” rating by KeyBanc Capital Markets given on Tuesday, December 4. Barclays Capital maintained the shares of AVY in report on Monday, October 29 with “Overweight” rating. Citigroup maintained Avery Dennison Corporation (NYSE:AVY) on Wednesday, October 24 with “Buy” rating. The rating was maintained by Citigroup on Thursday, October 11 with “Buy”. Citigroup maintained Avery Dennison Corporation (NYSE:AVY) on Monday, January 7 with “Buy” rating. BMO Capital Markets maintained the stock with “Market Perform” rating in Thursday, October 25 report. JP Morgan upgraded the stock to “Overweight” rating in Wednesday, October 24 report.

The stock increased 0.08% or $0.09 during the last trading session, reaching $110.21. About 1.25 million shares traded or 79.32% up from the average. Avery Dennison Corporation (NYSE:AVY) has declined 5.65% since March 16, 2018 and is downtrending. It has underperformed by 10.02% the S&P500.

Analysts await Avery Dennison Corporation (NYSE:AVY) to report earnings on April, 24. They expect $1.47 earnings per share, up 2.08 % or $0.03 from last year’s $1.44 per share. AVY’s profit will be $123.44 million for 18.74 P/E if the $1.47 EPS becomes a reality. After $1.52 actual earnings per share reported by Avery Dennison Corporation for the previous quarter, Wall Street now forecasts -3.29 % negative EPS growth.

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company has market cap of $9.26 billion. The companyÂ’s Label and Graphic Materials segment offers pressure-sensitive labeling materials; packaging materials and solutions; roll-fed sleeves; engineered films; graphic imaging media; and reflective materials under the Fasson, JAC, and Avery Dennison brands. It has a 20.87 P/E ratio. It serves label converters, package designers, packaging engineers and manufacturers, industrial and sign manufacturers, printers, distributors, designers, advertising and government agencies, and graphics vendors.

More recent Avery Dennison Corporation (NYSE:AVY) news were published by: which released: “Stocks To Watch: Spotlight On Walmart, Samsung And CAGNY – Seeking Alpha” on February 16, 2019. Also published the news titled: “Benzinga’s Top Upgrades, Downgrades For March 15, 2019 – Benzinga” on March 15, 2019.‘s news article titled: “More on Avery Dennison’s Q4 mixed results – Seeking Alpha” with publication date: January 30, 2019 was also an interesting one.

Avery Dennison Corporation (NYSE:AVY) Institutional Positions Chart

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